Expected ValueĪ very quick explanation about EV. Therefore our aim is not to beat the casino game but to focus on the bet with a positive expected value. We’re not doing gambling but Expected Value Betting. For the short term yes you have chances to win due to the Variance which is a dependence on luck, that is so-called gambling.

Remember, mathematically you can’t win a casino for the long term due to the house edge. The below infographics (the same source) briefly explain how the house edge is built in by using the Roulette case The casino is a profit aiming business and it’s absolutely fair for them to set a business model to cover their business cost & reasonable profit as any other usual business does. It’s not the casino’s cheating or manipulation at all. In all the casino games (with a certain exception in Video Porker games) there is House Edge that makes you certainly lose in the long term. So, let’s see how we find a positive EV bet.įirstly, see the below info-graphics produced by Casino UK that explain the meaning of the Odds Unfortunately, we can’t win online casinos due to the house edge.Ĭasino expected value betting is all about finding the betting opportunity that provides you with a positive EV (expected value) which is the only sure way to beat the casino for the long term.

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What does ev mean gambling